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Activity Number:
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429
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Type:
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Roundtables
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Date/Time:
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Wednesday, August 1, 2007 : 12:30 PM to 1:50 PM
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Sponsor:
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Section on Health Policy Statistics
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| Abstract - #309029 |
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Title:
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Importance of Using Cost-Effectiveness Analysis To Inform Health Policy in the United States
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Author(s):
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David Meltzer*+
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Companies:
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The University of Chicago
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Address:
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5841 S Maryland, Chicago, IL, 60637,
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Keywords:
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public policy ; cost-effective analysis
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Abstract:
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Medical cost-effectiveness analysis (CEA) can provide information on the value of medical technologies relative to their cost, and has been widely used by policy makers in many countries to improve the efficiency of health care spending. CEA has not yet played a major role in shaping medical coverage decisions in the United States, but the pending crisis in the financial viability of Medicare and recent establishment of the Medicare prescription drug benefit have created the opportunity for CEA to play an important role in U.S. policy. One barrier to increasing the role of CEA in U.S. health policy is concerns about the validity of methods. This talk will illustrate the application of CEA methods to address resource allocation problems in health care and discuss key methodological challenges that need to be addressed as CEA moves from theory to practice in the United States.
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